Bainbridge Corp. issued 4,000 shares of no-par common stock for $9 per share. Requirements 1. Record issuance

Question:

Bainbridge Corp. issued 4,000 shares of no-par common stock for $9 per share.

Requirements

1. Record issuance of the stock if the stock:

a. is a no-par stock.

b. has a stated value of $5 per share

2. Which type of stock issuance results in more total paid-in capital?

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...